Con Edison Company of New York, Inc.

Exhibit 12.2

Ratio of Earnings to Fixed Charges

(Millions of Dollars)

	For the Three Months Ended March 31, 2008		For the Twelve Months Ended December 31, 2007			For the Three Months Ended March 31, 2007
Earnings
Net Income for Common	$	219	$	844		$	236
Preferred Stock Dividend		3		11			3
(Income) or Loss from Equity Investees		—		(2	)
Income Tax		111		392			134
Pre-Tax Income from Continuing Operations	$	333	$	1,245		$	373
Add: Fixed Charges*		123		487			123
Subtract: Pre-Tax Preferred Stock Dividend Requirement		—		—			—
Earnings	$	456	$	1,732		$	496
* Fixed Charges
Interest on Long-term Debt	$	101	$	411		$	100
Amortization of Debt Discount, Premium and Expense		4		17			4
Other Interest		13		39			14
Interest Component of Rentals		5		20			5
Pre-Tax Preferred Stock Dividend Requirement		—		—			—
Fixed Charges	$	123	$	487		$	123
Ratio of Earnings to Fixed Charges		3.7		3.6			4.0